Cyclicality of Real Wages in Korea

Donggyun Shin

The B.E. Journal of Economic Analysis & Policy, 2012, vol. 12, issue 1, 19

Abstract: On the basis of the Korea Labor & Income Panel Study data over the period 1997 to 2008, this paper finds that real wages are strongly procyclical. For the same period, government-published aggregate real wages also show substantial procyclicality. Overall, measured real wage procyclicality in Korea is comparable to that in the international literature. The analysis also explores between-group heterogeneity in real wage cyclicality, such as the contrast between job changers and stayers.

Keywords: wage cyclicality; Korea; heterogeneity (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (10)

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DOI: 10.1515/1935-1682.3042

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